Reliant Funding Merchant Cash Advance Review 2023
Loan Amount
Factor Rate
Terms
Min Credit
Time to Fund
Company Profile
Reliant Funding is a financial services company that specializes in providing funding solutions for small businesses. With over 15 years of experience, the company has established a reputation for helping businesses across various industries secure the funding they need to grow and succeed. The company prides itself on its commitment to customer service, with a dedicated team of financial experts ready to guide clients through the funding process.
Reliant Funding's mission is to make financing accessible and affordable for small businesses. They aim to provide a personalized approach to funding, working closely with each client to understand their unique business needs and circumstances. The company's goal is to help small businesses turn their visions into reality by providing them with the financial resources they need to achieve their goals.
Products & Services
Reliant Funding offers a range of funding solutions designed to meet the diverse needs of small businesses. These include merchant cash advances, which provide businesses with a lump sum of cash in exchange for a portion of their future sales. This type of funding is flexible and can be used for any business purpose, from purchasing inventory to covering operational costs.
In addition to a merchant cash advance, Reliant Funding also offers a line of credit, bridge loans, and SBA loans. The line of credit allows businesses to draw against a set approved credit amount whenever they need it. Bridge loans are short-term funding solutions designed to cover immediate operational costs. SBA loans, on the other hand, offer low-cost, long-term funding for small businesses.
Pros and Cons
Pros:
1. Wide range of funding options to suit different business needs.
2. Personalized approach to funding, with a dedicated team of financial experts.
3. Fast and flexible funding solutions.
4. No compounding fees or accruing interest.
5. Positive customer reviews and high satisfaction rates.
Cons:
1. Information about specific loan terms and conditions is not readily available on the website.
2. The application process may require extensive documentation.
3. Not all businesses may qualify for funding.
4. The cost of funding may be higher compared to traditional bank loans.
5. Limited information available about state restrictions and industry limitations.
Ideal Customer
The right type of customer for Reliant Funding's services is a small business owner who needs flexible and fast funding solutions. This could be a business that is looking to expand, purchase new equipment, hire additional employees, or cover operational costs. The company works with businesses across various industries, including agriculture, business services, childcare, construction, healthcare, hospitality, manufacturing, retail, technology, and transportation.
Required Documentation
The specific documentation required for funding is not explicitly stated on the company's website or FAQ page. However, it is common for lenders to require business financial statements, tax returns, bank statements, and proof of business ownership. It is recommended to contact Reliant Funding directly for detailed information about the application process and the required documentation.
Industries and Restrictions
Reliant Funding serves a wide range of industries, including agriculture, business services, childcare, construction, healthcare, hospitality, manufacturing, retail, technology, and transportation. There is no explicit information about any industry restrictions on the company's website.
State of Operations
The company's website and FAQ page do not provide specific information about the states in which Reliant Funding operates or any state restrictions. It is recommended to contact the company directly for this information.
Basic Qualifications
The basic qualifications required to receive funding from Reliant Funding are not explicitly stated on the company's website or FAQ page. However, it is common for lenders to require a minimum credit score, a certain amount of time in business, and a minimum annual revenue. It is recommended to contact Reliant Funding directly for detailed information about their qualification criteria.
Collateral or Guarantees
The company's website and FAQ page do not provide specific information about the type of collateral or guarantees required for Reliant Funding's products. It is recommended to contact the company directly for this information.
Alternatives
The company's website and FAQ page do not provide specific information about alternative options to Reliant Funding. However, there are many other lenders and financial institutions that offer similar services for small businesses. These may include traditional banks, credit unions, and other online lenders. It is recommended to explore these options and compare their terms and conditions to find the best fit for your business needs.